Renowned cryptocurrency analyst Michaël van de Poppe noted that an altcoin among the top 50 by market capitalization could experience a significant increase. He informed his followers on social media that the Stacks (STX ($0.42)) token, a layer-2 project for Bitcoin (BTC ($105,230.00)) $96,933, has the potential for a 70% rise from its current value.
Potential Rise of STX
The analyst suggested that STX could surpass a critical resistance level and reach a new all-time high in the near future. Currently, STX is trading 20% higher over a seven-day period and had previously reached an all-time high of $3.86 in April.
Poppe predicts that if Bitcoin breaks through the $98,000 resistance level on the four-hour chart, it could exceed $100,000 for the first time in history. Bitcoin is currently trading at $98,266 and has recorded a 3.4% increase in the last 24 hours.
Expectations for VeChain (VET ($0.02))
The analyst has raised interest in VeChain’s (VET) native asset, which is...